FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * BUTLER WILLIAM K JR   2. Issuer Name and Ticker or Trading Symbol AARON'S INC [AAN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Operating Officer (Last) (First) (Middle) 309 E. PACES FERRY ROAD, N.E. 3. Date of Earliest Transaction (Month/Day/Year) 08/10/2012 (Street) ATLANTA, GA 30305- 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/10/2012   M   4,800 A $ 14.2933 214,791 D (1) (2)   Common Stock 08/10/2012   S   4,800 D $ 29.156 209,991 D (1) (2)   Common Stock 08/10/2012   M   49,500 A $ 14.2755 259,491 D (1) (2)   Common Stock 08/10/2012   S   49,500 D $ 29.156 209,991 D (1) (2)   Common Stock 08/13/2012   M   23,550 A $ 14.2933 233,541 D (1) (2)   Common Stock 08/13/2012   S   23,550 D $ 29.4168 209,991 D (1) (2)   Common Stock 08/13/2012   M   37,500 A $ 14.0933 247,491 D (1) (2)   Common Stock 08/13/2012   S   37,500 D $ 29.4168 209,991 D (1) (2)   Common Stock 08/13/2012   M   25,000 A $ 14.1067 234,991 D (1) (2)   Common Stock 08/13/2012   S   25,000 D $ 29.4168 209,991 D (1) (2)   Common Stock               7,828.5297 I By: 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to Buy)

$ 14.2933

08/10/2012

M

4,800

11/01/2007

11/01/2014

Common Stock

4,800

$ 0

23,550

D

Stock Options (Right to Buy)

$ 14.2755

08/10/2012

M

49,500

07/30/2007

07/30/2014

Common Stock

49,500

$ 0

0

D

Stock Options (Right to Buy)

$ 14.2933

08/13/2012

M

23,550

11/01/2007

11/01/2014

Common Stock

23,550

$ 0

0

D

Stock Options (Right to Buy)

$ 14.0933

08/13/2012

M

37,500

11/13/2010

11/13/2017

Common Stock

37,500

$ 0

0

D

Stock Options (Right to Buy)

$ 14.1067

08/13/2012

M

25,000

10/16/2011

10/16/2018

Common Stock

25,000

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BUTLER WILLIAM K JR 309 E. PACES FERRY ROAD, N.E. ATLANTA, GA 30305-	X		Chief Operating Officer

Signatures

/s/ Robert Sinclair, by Power of Attorney for William K. Butler		08/14/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	75,000 shares pertain to restricted stock units of Common Stock granted on February 23, 2010.
(2)	75,000 shares pertain to restricted stock units of Common Stock granted on February 22, 2011.

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